FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

10y Yields, 1m USD/INR Forwards Dip on EM Index Inclusion Announcement

INDIA
  • 10y government bond yields dipped slightly on the announcement that Bloomberg will include India’s FAR bonds in its emerging market local currency index starting Jan 2025, but the move swiftly reverted higher. Similarly, 1m USD/INR forward outrights dipped marginally, now down around 0.05% on the day, though ranges remain familiarly narrow.
  • As a reminder, JP Morgan will also include Indian government bonds in its Government Bond Index-Emerging Markets from June 2024. JP Morgan said Indian bonds will eventually hold a weight of 10% in its index, following 1% additions to its weightage each month from June.
  • The Nifty and Sensex are down ~0.17% amid a poor showing among the wider major APAC equity indices as China's NPC's attempts to shore up confidence in the economy failed to lift market sentiment.
  • India’s services and composite PMIs both dipped to 60.6 in February, from 61.8 and 61.2, respectively. The local data slate is thin for the remainder of the week, industrial production (prior: +3.8% y/y) and CPI (prior: +5.10% y/y) are the highlights next week.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.